The International Actuarial Association (IAA) is pleased to announce the adoption of two new International Standards of Actuarial Practice (ISAPs) at its Council meeting held in Cape Town, South Africa on 21 November 2016. The two new ISAPs are:
International Standard of Actuarial Practice 1A (ISAP 1A) on Governance of Models;
and International Standard of Actuarial Practice 5 (ISAP 5) on Insurer Enterprise Risk Models.
Like their predecessors, both ISAPs will be model standards inten...
The International Actuarial Association (IAA) adopted its second International Standard of Actuarial Practice, ISAP 2, on the Financial Analysis of Social Security Programs (SSPs), at its Council meeting held in Singapore on the 13th of October 2013.
An ISAP is a model for actuarial standard-setting bodies to consider. The IAA encourages actuarial standard-setting bodies to study the ISAP and to consider taking one of the following courses of action, if it has been determined that this ISAP is ...